Vetnostrum Animal Health Co (ROCO:6936) ROCE % : 15.28% (As of Dec. 2024)

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What is Vetnostrum Animal Health Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Vetnostrum Animal Health Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.28%.

Vetnostrum Animal Health Co ROCE % Historical Data

The historical data trend for Vetnostrum Animal Health Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vetnostrum Animal Health Co ROCE % Chart

Vetnostrum Animal Health Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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12.66

12.27

12.26

10.79

15.40

Vetnostrum Animal Health Co Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial									10.20	12.63	14.92	19.37	15.28

Vetnostrum Animal Health Co ROCE % Calculation

Vetnostrum Animal Health Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	170.817	/	( ( (1379.591 - 310.324)	+	(1438.344 - 288.684) )	/ 2 )
	=	170.817	/	( (1069.267	+	1149.66)	/ 2 )
	=	170.817	/	1109.4635
	=	15.40 %

Vetnostrum Animal Health Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	172.796	/	( ( (1403.949 - 291.163)	+	(1438.344 - 288.684) )	/ 2 )
	=	172.796	/	( ( 1112.786	+	1149.66 )	/ 2 )
	=	172.796	/	1131.223
	=	15.28 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Vetnostrum Animal Health Co (ROCO:6936) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Vetnostrum Animal Health Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vetnostrum Animal Health Co Ltd (ROCO:6936) » Definitions » ROCE %

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Address

No. 168, Anhe Road, 6th Floor 6, Xitun District, Taichung, TWN, 40765

Website

https://www.vetnostrum.com

Vetnostrum Animal Health Co Ltd is a total-solution animal health provider from Taiwan.

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